Everton should be 10 points better off in the Premier League and chasing down Manchester City for second place, according to their former midfielder Peter Reid.
David Moyes' side are in fifth spot with 37 points, three adrift of Tottenham in the fourth and final Champions League qualification berth.
But Reid believes Everton should have 47, a tally that would put them in third place, just one point behind City in second and eight behind leaders Manchester United.
Despite suffering only three defeats in 22 league games this season, Moyes' men have been held back by a total of 10 draws. The latest stalemate came last Saturday, as Swansea earned a 0-0 draw at Goodison Park.
Moyes has seen a number of points slip away this season because of a combination of ill fortune and late slip-ups.
His side have lost six points this season by conceding 90th-minute equalisers in three games; as Newcastle snatched a 2-2 draw at Goodison Park on September 17, Fulham held them 2-2 at Craven Cottage on November 3 and Norwich left Merseyside with a 1-1 draw three weeks later.
They also fell to a surprise defeat at relegation-threatened Reading on November 17; losing 2-1 after leading at half-time.
And Reid has warned that Everton must beat Southampton at St Mary's Stadium on Monday to maintain their push for a top-four finish.
He told the club's official website: "Let's not forget, Everton really should be higher up the league than they are.
"I remember the game against Newcastle where we should have won, Reading away where we should have won, Fulham away where we should have won - I think there were points in all those games Everton deserve to have but don't.
"As well as they are playing, they've got to be more clinical in killing teams off and I'd wager that if you ask David Moyes he'd agree his side should have up to 10 points more."
Reid, a key member in the Everton side who were league champions in 1985 and 1987, sees reason to be wary of a Southampton side who drew 2-2 at Chelsea on Wednesday night.
The former midfielder, who also had a brief spell at Southampton late in his playing career, added: "To come from 2-0 down to earn a draw at Chelsea on Wednesday was a terrific result and it was no surprise because they've made themselves really tough to beat of late.
"That said, if Everton truly have designs on the top four – and I mean this with every respect to Southampton, another of my former clubs – it's a game from which they should really be looking to get maximum points."